All posts tagged: monetary

China announces first monetary policy shift since 2010 to spur growth

China announces first monetary policy shift since 2010 to spur growth

Published by Sam

BEIJING: China will adopt an “appropriately loose” monetary policy next year as part of steps to support economic growth, state media reported on Monday (Dec 9) citing a Politburo meeting, marking the first such shift towards loosening since 2010. China will implement a more proactive fiscal policy and step up “unconventional” counter-cyclical adjustments, Xinhua reported, citing the Politburo. China must also “vigorously” boost consumption and expand domestic demand “in all directions”, Xinhua said. The remarks came from an official readout of a meeting of top Communist Party officials, the Politburo, and before the annual Central Economic Work Conference later this week to set key targets and policy intentions for next year. In 2025, authorities must adhere to “the principle of pursuing progress while maintaining stability”, leveraging progress to ensure stability and drive innovation, Xinhua said. “A more proactive fiscal policy and an appropriately loose monetary policy should be implemented, enhancing and refining the policy toolkit, strengthening extraordinary counter-cyclical adjustments,” it said. The new wording for the monetary policy marks the first easing of the stance …

Fear changes the way women, but not men, make decisions about monetary rewards

Fear changes the way women, but not men, make decisions about monetary rewards

Published by José

Recent research from Italy has shown that inducing fear in women causes them to discount the future more steeply than men and to focus more on immediate monetary rewards. In contrast, the emotional state did not influence men’s decisions regarding monetary rewards. The study was published in PLOS One. Decision-making is the cognitive process of choosing a course of action from multiple alternatives. It typically starts with identifying a problem or decision point, followed by the collection and analysis of relevant information. Individuals or groups then assess the potential outcomes of various options, considering factors such as benefits, risks, costs, and personal values or preferences. This evaluation often involves comparing the potential impacts of each choice, using either intuitive judgment or more formal, systematic methods. A person’s emotional state, cognitive biases, social pressures, and past experiences can all influence the decision-making process. These factors affect how attractive or feasible different options appear. In everyday decisions, individuals frequently face trade-offs between short-term and long-term benefits and costs. Often, they must choose between waiting for a larger …

Gold Vs. Bitcoin: Comparing The Top 10 Monetary Characteristics

Gold Vs. Bitcoin: Comparing The Top 10 Monetary Characteristics

Published by skeptic

Authored by Nick Giambruno via InternationalMan.com, Given the characteristics of gold and Bitcoin, which is best suited for sending value through time and space? Below, I’ll analyze the ten most decisive monetary attributes and see whether gold or Bitcoin has an advantage. Monetary Attribute #1: Scarcity The World Gold Council estimates there are 6.8 billion ounces of mined gold globally, and annual production averages around 118 million ounces. That much is what is known. However, we don’t know how much gold will be discovered and mined in the future. For example, how many mined ounces of gold will be available on June 1, 2031? We can probably make a pretty accurate projection, but nobody can know. What will the Bitcoin supply be on June 1, 2031? It will be around 20,589,121 Bitcoins. With Bitcoin, the current and future supply is finite and known to all. There will never be more than 21 million Bitcoins, and there is nothing anyone can do to change that. Today, the Bitcoin supply is about 19.6 million, meaning the vast …

Bitcoin Has No Top Because Fiat Has No Bottom: Understanding Monetary Debasement

Bitcoin Has No Top Because Fiat Has No Bottom: Understanding Monetary Debasement

Published by skeptic

Via Bitcoin Magazine, Bitcoin has been touted as the solution to monetary debasement, but what is debasement really, and where does it come from? MONETARY DEBASEMENT Debasement refers to the action or process of reducing the quality or value of something. When talking about fiat currencies, debasement traditionally refers to the practice of reducing the precious metal content in coins while keeping their nominal value the same, thereby diluting the coin’s intrinsic worth. In a modern context, debasement has evolved to mean the reduction in the value or purchasing power of a currency — such as when central banks increase the supply of money, in the process lowering the nominal value of each unit. UNDERSTANDING DEBASEMENT Before paper money and coins made of cheap metals like nickel, currency consisted of coins made of precious metals like gold and silver. These were the most sought after metals of the time, giving them value beyond government decree. Debasement was a common practice to save on precious metals and use them in a mix of lower-value metals instead. …

Experts: Trump faces “much larger monetary punishment” over “clearly defamatory” Carroll attack

Experts: Trump faces “much larger monetary punishment” over “clearly defamatory” Carroll attack

Published by skeptic

Donald Trump is flying increasingly close to the sun when speaking about writer E. Jean Carroll on the campaign trail — and a lawyer for the ex-Elle columnist suggested Monday he could get burned again.  During a Georgia campaign rally over the weekend, the former president repeated claims that Carroll “is not a believable person” and had pushed “false accusations” against him, despite his previous insistences of such resulting in multimillion-dollar judgments against him. The remarks came the day after Trump posted a $91.6 million bond to cover the $83.3 million awarded to Carroll for defamation earlier this year as he appeals the verdict. “I just posted a $91 million bond, $91 million on a fake story, totally made-up story,” Trump told the crowd in Rome, Georgia, according to NBC News. “Ninety-one million based on false accusations made about me by a woman that I knew nothing about, didn’t know, never heard of, I know nothing about her,” he continued. “She wrote a book, she said things,” Trump added. “And when I denied it, I …

Watch Live: Fed Chair Powell Delivers Semi-Annual Monetary Policy Report To Congress

Watch Live: Fed Chair Powell Delivers Semi-Annual Monetary Policy Report To Congress

Published by skeptic

In prepared remarks, released ahead of his ‘Humphrey-Hawkins’ testimony this morning, Fed Chair Powell reiterated to lawmakers that the US central bank is in no rush to cut interest rates until policymakers are convinced they have won their battle over inflation. “The committee does not expect that it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2%,” Powell confirmed. The snoozer of prepared remarks simply reiterate the more-hawkish stance that has appeared recently after proclaiming the pivot prompted rational exuberance in every quarter of the markets. Fed whsiperer Nick Timiraos was even non-plussed by the remarks: Fed Chair Jay Powell’s testimony to Congress 1) He characterizes last year’s slowdown in core inflation as “notable” and “widespread” 2) The forward guidance around rate cuts is little changedhttps://t.co/BxIRu0KPkW pic.twitter.com/61huWjQNSJ — Nick Timiraos (@NickTimiraos) March 6, 2024 Powell is set to testify to the House Financial Services Committee at 10 a.m…(watch live here) Full prepared remarks below: Chairman McHenry, Ranking Member Waters, and other members of the …

Distinct brain systems are altered in depression for natural and monetary reward processing

Distinct brain systems are altered in depression for natural and monetary reward processing

Published by José

In recent study published in Psychological Medicine, my colleagues and I have found distinct neural alterations during monetary and natural reward processing in patients with depression compared to healthy controls. From a neuroimaging meta-analysis of published fMRI studies in patients with depression and a total of 1,277 participants, the study provides the first evidence that reward alterations in depression differ depending on the type of reward. For years, researchers have documented reward dysfunctions in depression to mainly occur in the striatum, a brain region strongly involved in reward and motivational processes. However, there are different types of rewards, including natural rewards (e.g. good food or your favorite song) and more abstract or learned rewards such as money. While alterations in reward and motivational processes are core symptoms of depression it has not been examined if the brain basis of natural and monetary rewards differ in the disorder. Depression is a devastating mental disorder that is characterized by prolonged periods of sadness and anhedonia (loss of interest in almost all of daily life activities). We found interest …

“Huge monetary award”: Legal experts warn jury may hit Trump hard to “shut him up” amid new attacks

“Huge monetary award”: Legal experts warn jury may hit Trump hard to “shut him up” amid new attacks

Published by skeptic

Former President Donald Trump is facing trial again in New York this week to determine additional damages for defaming former Elle magazine columnist E. Jean Carroll in 2019 when he denied her sexual assault allegations.  A federal jury will begin deciding how much the former president owes the writer. It’s the second trial to be held in a pair of cases against Trump brought by Carroll. In a prior civil lawsuit, Carroll accused Trump of raping her in a Bergdorf Goodman dressing room nearly 30 years ago and defaming her. Last year, a jury ruled in favor of Carroll, finding Trump liable for sexual abuse and defamation, and awarded her $5 million in damages. “The jury has the power to impose substantial punitive damages on Trump for raping Ms. Carroll, then branding her accusation as made-up and then repeatedly castigating her in public and social posts as crazy and ‘whacky,’” Bennett Gershman, a former New York prosecutor and law professor at Pace University, told Salon.  The longtime advice columnist for Elle magazine first came forward …

Asian equities attract largest inflows in 7 years as cenbanks shift monetary policy

Asian equities attract largest inflows in 7 years as cenbanks shift monetary policy

Published by skeptic

Asian equities attracted their biggest inflows in seven years in 2023, encouraged by major central banks’ deceleration in rate hikes to prioritize economic stimulation amid diminishing inflation worries. Central banks only moderated the pace of their rate hikes last year, but this year analysts anticipate increased foreign inflows into regional equities as the potential for U.S. rate cuts enhance the appeal of risk assets. According to stock exchange data from Taiwan, South Korea, India, Indonesia, the Philippines, Thailand and Vietnam, foreign investors bought a net $26.62 billion worth of stocks last year, the most since 2016. Indian equities had the greatest inflows last year, attracting a net $20.74 billion in foreign purchases, the most since 2020. South Korean and Taiwan stocks received $10.12 billion and $3.45 billion in foreign inflows respectively. Meanwhile, Indonesia, the Philippines, Vietnam and Thailand all saw net outflows. Foreign investors took the most money out of Thai equities at more than $5 billion. In December, though, these same seven Asian stock markets attracted about $12.59 billion in net foreign investments, the …

Eurozone ‘in recession’ as gloomy report paints ‘bleak picture’ for monetary union | Politics | News

Eurozone ‘in recession’ as gloomy report paints ‘bleak picture’ for monetary union | Politics | News

Published by skeptic

Dramatically reduced manufacturing output has left the Eurozone in recession, a new report has warned – with France at its lowest ebb for more than three years. Dr Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank (HCOB), said what he called a “relentless slump” spells a “bleak picture”. And he suggested the monetary union slid into recession in the third quarter of last year. The HCOB Eurozone Manufacturing Purchasing Managers’ Index (PMI) survey indicates the sector “remained ”stuck in contraction” at the end of 2023, with output continuing to fall and factory job losses extending into a seventh successive month. The monthly analysis, compiled by S&P Global, is based on responses to questionnaires sent to survey panels of manufacturers in Germany, France, Italy, Spain, the Netherlands, Austria, Ireland and Greece, totalling around 3,000 private sector companies. Responses are used to calculate performance on a scale of one to 100, the higher the better. Greece’s figure of 51.3 is the highest in four months, but every other country (Ireland 48.9, Spain 46, Italy 45.3, …